In September 2020 the Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,643. This is a 56.2% increase from the 2,333 sales recorded in September...
Blog & News: Vancouver Real Estate Market
2020 HOMEOWNERSHIP & FINANCIAL FITNESS STUDY
In partnership with Environics, Genworth Canada is excited to share the results of their recent Homeownership and Financial Fitness Study.
Prior to COVID-19, Canadians and Canadian homeowners were showing...
HOUSING SUPPLY STRUGGLES TO KEEP UP WITH SURGE IN DEMAND WITH SECOND QUARTER RECORDING A SHARP RISE IN HOME PRICES
Royal LePage revises Canadian home price forecast upwards to 2.3% by year-end 2020, as low rates and pent-up demand face limited housing supply.
What does this mean for Greater Vancouver?
In the second...
STRONG RECOVERY OF BC HOMES SALES PREDICTED FOR 2021
The British Columbia Real Estate Association (BCREA) has released its 2020 Second Quarter Forecast. According to the release, a 21% decline in Multiple Listing Service® (MLS®) residential sales...
STEADY HOME PRICES PROVIDES COMFORT FOR BUYERS AND SELLERS IN TODAY'S MARKET
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400 according to The Real Estate Board of Greater Vancouver (REBGV). This is virtually...
NEW SYSTEMS TAKE SHAPE AS HOME SALES AND LISTINGS DROP AMID THE PANDEMIC
In April 2020, the residential home sales in the region totaled 1,109 as per the Real Estate Board of Greater Vancouver (REBGV). This is a 39.4% decrease from the 1,829 sales recorded in April 2019 and...
SALES ACTIVITY IN MARCH COMES TO A HALT DUE TO THE PANDEMIC
In March 2020, the British Columbia Real Estate Association (BCREA), reported a total of 6,717 residential unit sales recorded by the Multiple Listing Service® (MLS®). This is a 17.2% increase from...
CHALLENGING CIRCUMSTANCES LEAD HOME BUYERS AND SELLERS TO ADJUST THEIR ACTIVITIES IN MARCH
The beginning of March saw a steady buyer demand in Metro Vancouver's housing market and a levelling off of activity as the month went on and concerns about the COVID-19 outbreak intensified.
According...